Financial PerformanceGKOS' 1Q25 revenue beat consensus and, while management reiterated its 2025 revenue guidance, the implied iDose contribution increased by ~$5M.
Market OpportunityKeratoconus is a vastly under-diagnosed condition with a sizable total addressable market, providing significant opportunity for Glaukos.
Product LaunchEpioxa, the next-generation corneal cross-linking (CXL) therapy for treatment of keratoconus, is expected to be commercially launched in 2026 after receiving FDA notification for its New Drug Application.